Boulder Cycle Sport and Boulder Nordic Sport, two Boulder-based retail leaders, announced the merger of their business operations.
Author: SGB Media
Moody’s Downgrades Academy’s Debt Ratings
The downgrade of the term loan reflects the company’s lower estimated recovery rate as a result of the recent asset-based revolver upsize. At the same time, the affirmation of the CFR and PDR reflects Moody’s view that while leverage is likely to remain elevated, Academy’s good liquidity provides the company with flexibility to turn around its operating performance.
Nike Celebrates Tiger Woods First Win In Five Years
Nike released some clever imagery honoring Tiger Woods and his victory at the recent PGA Tour Championship, his first PGA event win since 2013.
Elevator Group Merges With True North Brand Group
Elevator Group, a strategic and creative agency known for launching brands and product lines. and True North Brand Group Inc., specializing in launching products, brand awareness and measurement, are merging to form Elevator North.
Earth Treks And Planet Granite Announce Parent Company, El Cap
Earth Treks Climbing and Fitness and Planet Granite Climbing, Yoga and Fitness on Monday announced the change of their corporate name to El Cap Holdings LLC.
Former GoPro COO Joins Tech Start-Up
Tile, a startup that makes an app and devices to help keep track of the location of things, appointed CJ Prober, former COO of GoPro, as the company’s new chief executive officer.
Stifel’s Inaugural Athletic Survey Shows Positive Spending Intentions
Stifel’s inaugural Athletic Apparel and Footwear Consumer Survey points to higher spending intentions for both athletic apparel and footwear in the next six months. Nike not surprisingly ranked as the preferred athletic brand across footwear and apparel categories but Under Armour, Adidas, Champion, New Balance, Vans, The North Face and Skechers are all resonating with key constituencies.
Retail Reports Roundup
Studies arrived last week including Nike dominating apparel brands’ preferences, mixed views on social commerce, AI benefits to supply-chain efficiency, wide-ranging checkout opportunities and free delivery’s expanding appeal as well as another merry holiday forecast.
Peak Resorts To Acquire Snow Time For $76 Million
Peak Resorts Inc., which owns and operates 14 branded U.S. ski resorts, announced Monday that the company has entered into a definitive agreement to acquire privately held Snow Time Inc. for $76 million. Snow Time owns and operates three ski resorts in Pennsylvania: Liberty Mountain Resort, Whitetail Resort and Roundtop Mountain Resort.
Camping World’s RV Owner Organization, the Good Sam Club, Reaches Two Million Member Milestone
Camping World Holdings Inc. announced that the company’s RV and outdoor lifestyle organization, the Good Sam Club, has surpassed the Two Million Member mark. The Good Sam Club will celebrate this record-breaking milestone September 24-30 at all Camping World, Gander Outdoors and Overton’s retail locations nationwide.
Pirelli Names PR Agency Of Record in United States And Canada
Pirelli, the Italian tire manufacturer, hired Sasquatch Agency as the company’s public relations agency of record for all cycling products within the United States of America and Canada.
Farfetch Soars In IPO Debut
Shares of Farfetch, the London-based luxury online marketplace, jumped more than 50 percent in the company’s initial public offering debut Friday.
RECALL: Titan Safety Straps
About 970 safety straps from Titan Manufacturing and Distributing are being recalled.
Asics Funds Five Startups Under Tenkan-Ten Inititiatve
Asics announced five start-ups to benefit from Tenkan-Ten, the growth catalyst program for businesses disrupting the sports and wellbeing sector. It is a part of the company’s recently launched new business and innovations division.
New Balance Donates To UMass Boston
The University of Massachusetts Board of Trustees unanimously approved the creation of the Dr. J. Keith Motley Chair for Sports Leadership & Administration at UMass Boston. The chair will head a new sports management and leadership Bachelor of Arts program enabled by a $5 million pledge, the largest in UMass Boston history, from Boston-based New Balance.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal